Chemical Specification/ Composition :
Carbon - 0.2% to 0.60%
Manganese - 0.80 to 0.90%
Silicon - 0.15 to 0.35%
Sulphur - 0.05% Max.
Phosphorus - 0.06% Max.
1. Origin : Romania
2. Destination: ASWP
3. Delivery Schedule: Seller to specify for completion of total quantity and first shipment from date of confirmed L/C in sellers account;
4. Payment Terms: CIA (Confirmed, Irrevocable, At Sight), transferable and revolving L/C payable in US dollars. 100% at sight of shipment against receipt of all documents required within 5 days of the contract signing from a top 25 world bank.
5. PBG Guarantee: 2% operative PBG to be issued by the seller. The seller will not agree to any additional penalty.
6. Inspection : SGS by seller.
7. Quantity : 30,000 MT x 6
8. Packing : Container Price : USD 297 per MT (CNF)
9. Packing : Break Bulk Price : USD 267 per MT (CNF)
Procedure :
1. Prospective buyer gives LOI and BCL.
2. Seller verifies LOI and BCL thru soft probe, then only forwards the draft contract.
3. Seller and Buyer negotiate and finalize the draft contract.
4. Seller releases final contract for signing by both parties.
5. Buyer opens CIA (Confirmed, Irrevocable, At Sight), transferable and revolving, non v operative L/C payable in US dollars.
6. Seller issues Performa Bond guarantee for 2% of the value of the L/C.
7. Seller provides POP (Proof of product given bank to bank)
8. Buyer's L/C becomes operative
9. Shipment commences
Break bulk & containers
